First stop is previous high of 19c of 28 August 2013, after that, 22c.
Chart wise a flag formation playing out at the moment after the last leg up, seems to be trading betwen 13 and 14 cents with diminishing volumes and buyers starting to step up. If some good news comes out I expect it to hit 19 pretty quickly.
In pre-open now, I know they haven't lodged the Quarterly yet but this pre is taking longer than usual - possibly a TH? Could just be extended processing time by ASX for Quarterlies, so not getting my hopes up too much.
MEP Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held